Trading Index Futures via MetaTrader 4

Wednesday | February 8, 2023

The U.S. indices are back on my bullish reversal watch list, whether AJ Monte agrees with this or not. If all three of my moving averages turn north, I will consider them to be a buy. But so far, two are still pointed south and one is neutral.
 
Tuesday | February 21, 2022

If the Nasdaq hopes to ultimately "pass the test" with respect to qualifying as having broken out of its bearish ways in terms of the measures I use to signal such events, it will have to remain above the level suggested below...

upload_2023-2-21_12-31-36.png
 
expiated said:
If the Nasdaq hopes to ultimately "pass the test" with respect to qualifying as having broken out of its bearish ways in terms of the measures I use to signal such events, it will have to remain above the level suggested below...
More...
The Nasdaq is coming dangerously close to falling back below my "failure level."

NAS100Weekly2.png
 
expiated said:
The Nasdaq is coming dangerously close to falling back below my "failure level."
More...
My measures are on the threshold of suggesting that the Nasdaq is attempting to reverse its disposition from bearish to bullish, having managed to NOT fall below my "failure level." AJ Monte says otherwise, but I have to go with the math. (Quite frankly, I suspect AJ is probably right, but I cannot run with his prediction until my numbers agree with him.)

upload_2023-3-21_15-39-54.png
 
expiated said:
My measures are on the threshold of suggesting that the Nasdaq is attempting to reverse its disposition from bearish to bullish, having managed to NOT fall below my "failure level." AJ Monte says otherwise, but I have to go with the math. (Quite frankly, I suspect AJ is probably right, but I cannot run with his prediction until my numbers agree with him.)
More...
If and when NAS100 spends an entire week above 12909.54, it will become a "buy" for me...

upload_2023-3-22_4-28-23.png
 
I don't know what AJ Monte (whom I listen to every weekend) is going to have to say, but if NAS100 opens and closes above this threshold next week, I'm going to have to consider it more bullish than bearish, regardless...

upload_2023-3-31_13-1-9.png
 
If I remember correctly, AJ expected the indices to drop during the second half of last week, but it never happened.

 
Fundamental factors notwithstanding, the numbers on my weekly chart tell me that I should BUY the Nasdaq as price comes out of the next pullback...

NAS100Weekly.png
 
You must log in or register to reply here.
Back
Top